Navitas SPAC Presentation Deck

GaN ICs Can Potentially Displace A $13B Market GaN Opportunity Within Total Power Semiconductor TAM(1,2) GaN GaN % Market Penetration O Navitas Semiconductor 2021 $9.0B $20M 2020 0.3% 6% CAGR 117% CAGR Other $13.1B (3) $2.1B) GaN Power Semiconductor TAM(²) $2.1B (3) $724M $189M $139M $293M $575M 2026 Other Navitas EV/eMobility Renewables / Solar Enterprise Consumer Mobile 2026 15.9% (1) GaN IC potential market based on voltage rating of 80V - 1,000V derived from Yole Développement, Status of the Power Electronic Industry 2020. (2) IHS SiC GaN Power Semiconductors Report 2020, Yole Power Devices Summary - 2019-25, expert interviews. (3) Reflects midpoint of forecasted 2026 market size range of $1.6 billion to $2.6 billion. 16

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